Women in Poverty Essay
In today’s world, technology is a part of everyday life. So, it is not very surprising that a new and prominent way of giving money to those in need is happening on computers and cell phones, or really any device that can access the internet. People can easily just type in their credit card numbers and voila, a donation has been made. In recent years, a new type of charity has become more and more popular. It is called micro-loaning. There are numerous websites that give people access to loan small sums of money to complete strangers, usually women in developing countries. One of these websites is Kiva, whose tagline is “loans that change lives.” Loaning this money gives people a feeling of instant gratification. People feel happy thinking that they are helping someone change their life, and when it is as easy as typing on a computer, people are more likely to do it. However, these websites and loans may be giving an illusion as to how much giving money actually helps. But hey, it is easy to do and it leaves the givers happy, so why do anything else to help?
Many popular magazines and newspapers have written stories on micro-loaning, thus increasing its popularity. Matthew Yglesias is a business and economic correspondent for a well known online magazine, Slate, that covers topics such as culture and current